EU sanctions against Russia clarified

The European Council announced that the member states have officially approved the new sanctions package against Russia. According to the resolution, the lower house of the Russian Parliament Restrictive measures will be applied to 351 members of the Duma.

In addition, those taking illegal decisions in Donetsk and Luhansk, destabilizing or threatening Ukraine’s territorial integrity, sovereignty and independence members of the government, banks, business people and oligarchs who financially support or benefit Russian operations, and a total of 27 high-profile individuals and organizations that run disinformation campaigns will be subject to sanctions.

To these people travel ban will be imposed. The assets of individuals and institutions will be frozen and funding will be prohibited.

Economic relations with regions of Donetsk and Luhansk outside the control of the Ukrainian government will also be restricted.

An import ban will be imposed on goods from the separatist zones. Trade and investment in certain economic sectors will be limited. The provision of tourism services will be prohibited. Export bans will be imposed on various products and technologies.

against Russia financial restrictions will be put into effect. Providing finance to the Russian Federation, its government and the Central Bank will be banned. Russian state and government’s access to EU capital and financial markets and services will be restricted.

The EU will also rapidly impose broader political and economic sanctions if needed.

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